Bullish Files for IPO as Trump’s Crypto Pivot Drives Demand: FT

In brief

  • Bullish has reportedly filed confidential paperwork with the SEC as it tries to go public again.
  • It previously abandoned prior efforts in a SPAC merger in 2022 as the market faced a downturn.
  • It follows Circle’s explosive public debut on the NYSE last week.

Crypto exchange Bullish has submitted paperwork for an initial public offering to the Securities and Exchange Commission, according to a report from the Financial Times, citing sources familiar.

The move marks its second bid to go public, following an initial attempt in a $9 billion merger with a special purpose acquisition company, Far Peak, in July 2021. 

Those prospects went dim by late 2022, with aspirations later called off due to prevailing “time constraints and…

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